.png)
.png)
Share showdown
KEY POINTS
- Understanding the personal tax implications of transactions in corporate shares when held as a portfolio investment.
- In a bonus issue the company issues extra free shares to shareholders in proportion to their existing stock.
- In a share consolidation the number of issued shares is reduced.
- Rights issues of shares can appear in several common scenarios.
- Worked examples of share transactions.
- Scrip and DRIP dividends for trusts raise special issues because the shares received may be treated as capital rather than income.
- In a merger advance HMRC clearance for a ‘paper for paper’ exchange can trigger the reorganisation treatment in TCGA 1992 s 127.
- In a demerger the shareholders will hold...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
